ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
Established in 1966, it is owned by 68 members—49 from the region.
ORGANIZATION
ACCOUNTABILITY
ADB supports projects in developing member countries that create economic and development impact, delivered through both public and private sector operations, advisory services, and knowledge support.
Data and Statistics
Data and statistical analysis in the Asia and Pacific region contribute to knowledge generation in ADB, helping strengthen its institutional priorities and operational effectiveness in its developing member economies.
ADB's Chief Economist: Albert Park
Albert Park is the Chief Economist of the Asian Development Bank (ADB).
Mr. Park is the chief spokesperson for ADB on economic issues. He leads the Economic Research and Regional Cooperation Department (ERCD), which publishes key knowledge products such as the Asian Development Outlook, Asian Economic Integration Report, Asia Bond Monitor, and Key Indicators for Asia and the Pacific.
Read the news release on his appointment.
Sustainable Trade and Investment Key to Asia and Pacific’s Green Future
Greener trade and investment is crucial to tackling climate change in Asia and the Pacific and will require governments in the region to work together more closely, according to a new report by the Asian Development Bank.ADB Lowers Growth Forecast for Developing Asia Amid Global Gloom
ADB has lowered its economic growth forecasts for developing Asia and the Pacific amid a worsened global outlook.
New Strategies Needed to Boost Entrepreneurial Base in Central and West Asia
The impacts of the Russian invasion of Ukraine on small businesses in Central and West Asia underscore the need for improved strategies to strengthen the entrepreneurial base in the region, according to a report by ADB.
Bond Yields Rise in Emerging East Asia Amid Aggressive Monetary Tightening
Aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging East Asia, according to a report by ADB.
ADB Lowers Developing Asia Growth Outlook as Global Risks Mount
ADB again lowered its forecasts for economic growth in developing Asia and the Pacific, amid mounting challenges.
ADB-Statistics Korea (KOSTAT) MoU Signing Ceremony - Albert Park
Remarks by Albert Francis Park, ADB Chief Economist and Director General, Economic Research and Regional Cooperation Department, at the ADB-KOSTAT MoU Signing Ceremony, 12 December 2022
Mr. Park has more than 2 decades of experience as a development economist. A well-known expert on the economy of the People’s Republic of China, he has directed a number of large-scale research projects in the country. He has also served as an international consultant for the World Bank and a member of the steering committee for the Asia-Pacific Research Universities’ Population Aging Hub. Mr. Park has worked on a broad range of development issues including poverty and inequality, intergenerational mobility, microfinance, migration and labor markets, the future of work, and foreign investment.
Mr. Park is Chair Professor of Economics (on leave) at Hong Kong University of Science and Technology (HKUST) and previously served as Director of the Center for Economic Policy at HKUST. He also served as a founding director of HKUST’s Institute for Emerging Market Studies, professor at the University of Oxford, and associate professor at the University of Michigan. He has held editorial positions at a number of leading economic journals.
A national of the United States, he received his bachelor’s degree in economics from Harvard University and his doctorate in applied economics from Stanford University.